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Gov’t Mulls Imposing Tax on YouTube

Gov’t Mulls Imposing Tax on YouTube

SEOUL, Aug. 16 (Korea Bizwire) — The government has begun full-fledged discussions on levying taxes and funds for online video services, a so-called “YouTube tax.” The Ministry of Science and ICT recently asked the Korea Legislation Research Institute, a government-funded research institute, to carry out research projects on overseas trends of digital taxes, including YouTube [...]

Seoul to Toughen Inspections of Waste Imports from Japan

Seoul to Toughen Inspections of Waste Imports from Japan

SEOUL, Aug. 16 (Korea Bizwire) — South Korea will strengthen its environmental and health safety inspections for battery, tire and plastic waste imported from Japan, the government said Friday. The Ministry of Environment said it will beef up radioactive and heavy metals tests on Japanese waste batteries, tires and plastics being imported into South Korea [...]

Ulsan to Build Pipeline Between Hydrogen Supplier and Filling Stations

Ulsan to Build Pipeline Between Hydrogen Supplier and Filling Stations

ULSAN, Aug. 14 (Korea Bizwire) — The city of Ulsan plans to build South Korea’s first pipeline system to supply hydrogen. The city signed an agreement with six agencies and businesses including the Korea Gas Safety Corp. (KGS) on Tuesday to build pipelines between hydrogen filling stations and hydrogen supplier Deokyang Co., and establish a [...]

New Memorial Statue to be Unveiled in Seoul on Comfort Women Day

New Memorial Statue to be Unveiled in Seoul on Comfort Women Day

SEOUL, Aug. 12 (Korea Bizwire) — A new “comfort women” memorial statue will be unveiled in Seoul this week, when the nation marks International Memorial Day for Comfort Women amid its intensifying diplomatic and trade conflict with Japan, officials said Monday. The new statue, made by a nonprofit association of Korean residents in San Francisco [...]

Gov’t to Restore Scarabs and Other Endangered Species by 2027

Gov’t to Restore Scarabs and Other Endangered Species by 2027

SEOUL, Aug. 12 (Korea Bizwire) — The Ministry of Environment has launched a project to bring back scarabs to South Korea, which disappeared in the 1970s. The ministry and the National Institute of Ecology (NIE) announced on Sunday that they recently brought 200 scarabs from Mongolia to restore their population. Scarabs, classified as Level II [...]

S. Korea to Adopt Price Ceiling on Privately Built Flats

S. Korea to Adopt Price Ceiling on Privately Built Flats

SEOUL, Aug. 12 (Korea Bizwire) – South Korea will adopt a controversial scheme to cap presale prices of privately built apartments in extended efforts to stabilize real estate markets, the land ministry said Monday. The ministry said the government plans to revise related laws by early October to fully prepare for the adoption of the “presale price [...]